POWER METALS DELIVERS MORE HIGH- GRADE CESIUM AND TANTALUM RESULTS FROM CASE LAKE Major Highlights Additional results from the Phase III exploration campaign returned additional consistent high-grade, multi-element mineralization
POWER METALS DELIVERS MORE HIGH-
GRADE CESIUM AND TANTALUM RESULTS
FROM CASE LAKE
Major Highlights
Additional results from the Phase III exploration campaign returned additional consistent
high-grade, multi-element mineralization
Shallow concentrations of up to 22.70% cesium oxide (Cs
O) and up to 6,211ppm and
5,683ppm tantalum identified across drill holes
Results to assist with development of maiden Mineral Resource Estimate for Case Lake
VANCOUVER, BC
,
Feb. 14, 2025
/CNW/ - Power Metals Corp ("Power Metals" or the "Company")
(TSX VENTURE: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to announce high-grade
results from final assays from the Phase III drill program at the 100%-owned Case Lake Project (CLP)
in northeastern
Ontario
.
Shallow, high-grade, and consistent mineralization with exceptional cesium oxide (Cs
O) and tantalum
(Ta) intercepts were identified at the West Joe prospect, including concentrations of up to
22.70% Cs
O
and
6,211ppm Ta
.
These final assay results from the Company's Phase III drilling campaign continue to reinforce the
opportunity to target multi-element resource development at the world-class Case Lake Project.
The Company completed a total of
8,028m
of exploration drilling across the property during 2024, with
the following exceptional results returned from West Joe:
PWM-24-242:
8.07m
at 5.19% Cs
O, 1438 ppm Ta, and 2.19% Li
O from
10.30m
including
4.70m
@ 8.72% Cs
O, 2,435ppm Ta, & 2.50% Li
O from
13.30m
including
1.00m
@ 11.70% Cs
O, 208ppm Ta, & 1.85% Li
O from
13.30m
PWM-24-246:
9.95m
@ 3.78% Cs
O, 334ppm Ta, and 1.12% Li
O from
11.25m
including
5.55m
@ 5.48% Cs
O, 413ppm Ta, & 1.62% Li
O from
11.25m
including
0.75m
@ 22.70% Cs
O, 420ppm Ta, & 0.66% Li
O from
15.05m
PWM-24-259:
6.65m
@ 3.56% Cs
O, 290 ppm Ta, and 1.15% Li
O from
19.75m
including
5.70m
@ 4.14% Cs
O, 311ppm Ta, & 1.03% Li
O from
20.70m
including
1.53m
@ 7.56% Cs
O, 474ppm Ta, & 0.77% Li
O from
22.07m
PWM-24-252:
7.95m
@ 2.85% Cs
O, 351 ppm Ta, and 1.47% Li
O from
18.35m
including
5.10m
@ 3.96% Cs
O, 396ppm Ta, & 1.78% Li
O from 20.20m
including
0.60m
@ 13.50% Cs
O, 185ppm Ta, & 2.04% Li
O from
20.20m
Haydn Daxter, CEO of Power Metals commented:
"The final round of assay results from our 2024 Phase III program at Case Lake reinforce the high-
grade, multi-element potential of this world-class asset which will become pivotal in meeting global
demand for critical minerals.
The addition of extremely high-grade tantalum results that far exceeds economic grades from current
tantalum resources globally demonstrates the quality of mineralization at Case Lake.
Simultaneously, we are preparing to commence our Phase I drilling campaign for 2025, which is
anticipated to begin after the PDAC Convention in
Toronto
. I look forward to providing further updates
once we hit the ground in
Ontario
."
Johnathan More
, Chairman and Founder of Power Metals, added:
"The final assay results for Phase III are representative of a fantastic year that demonstrates a high
level of continued success displayed by the team to continually discover high-grade cesium and
tantalum at Case Lake.
The Company has cemented a very strong foundation as we enter 2025, developing our world-class
project and producing consistent high-grade critical minerals. Production of the Case Lake project
continues to advance rapidly with the strong backing of our key stakeholders."
Figure 1– Map of Phase III drilling collars displaying results as highlighted in this announcement (CNW
Group/Power Metals Corp.)
PHASE III DRILLING CAMPAIGN IN 2024
Power Metals has received the second round of assay results from its 2024 Phase III exploration
campaign, completed at Case Lake with Black Diamond Drilling. The Company drilled a total of
1,475m
in 23 diamond drill holes (PWM-24-236 to PWM-24-259) to delineate and extend cesium mineralized
zones at the West Joe prospect.
The first round of assay results from 12 drillholes, announced in early
February 2025
, confirmed near-
surface high-grade pollucite, tantalite, and spodumene with cesium, tantalum, and spodumene grades
up to
20.40% Cs
O, 5,262ppm Ta
, and
5.31% Li
O
(refer to press release announced on
February 03,
2025
).
Assay results from the final 11 drillholes (see Table 1) confirmed near-surface high-grade cesium,
tantalum, and lithium mineralization, consistent with
pollucite (1-25%)
,
tantalite (0.1-1%)
, and
spodumene (1-30%)
mineralization, occurring between 5 to
40m
depth at West Joe.
The second round of reported drillholes intersected strong LCT mineralization in zones from
4.85m
to
10.05m
wide in fractionated pegmatites with
0.80% to 5.19% Cs
2
O, 266ppm to 1,438 ppm Ta, and
0.84% to 2.79% Li
2
O
. The core of mineralization in these holes is characterized by
2.00m
to
6.80m
wide high-grade zones that on average contain
3.63% Cs
2
O, 552 ppm Ta, and 1.03% Li
2
O.
Drillholes
PWM-24-242, PWM-24-246, PWM-24-252, and PWM-24-259 intersected exceptionally high-grade
cesium characterized by
7.84% to 22.70% Cs
2
O
in multiple individual samples.
All reported drillholes showed strong cesium mineralization and high-grade tantalum and lithium, with
samples ranging from
504ppm to 6,211 ppm Ta
and
2.41% to 5.85% Li
2
O
, consistent with LCT
mineralization in highly fractionated pegmatite systems. Drillholes PWM-24-242, PWM-24-246, PWM-
24-248, PWM-24-251, PWM-24-257, and PWM-24-258 reported high-grade tantalum mineralized
intervals that grade between
928ppm to 6,211 ppm tantalum
. The tantalum rich zone in these holes
forms a
4.24m
wide high-grade mineralization envelope that averages
3.99% Cs
2
O, 775 ppm Ta, and
2.21% Li
2
O
.
Strong LCT mineralization was intersected in highly evolved pegmatites including:
Hole PWM-24-242:
8.70m
averaging 5.19% Cs
O in a pollucite-rich zone
Hole PWM-24-246:
9.95m
averaging 3.78% Cs
O
Hole PWM-24-259:
6.65m
averaging 3.56% Cs
O
Hole PWM-24-252:
7.95m
averaging 2.85% Cs
O
(refer to Figure 1-4 for further details)
Figure 2 – Cross section map of PWM-24-242 from Phase III drilling at West Joe (CNW Group/Power
Metals Corp.)
Figure 3 – Cross section map of PWM-24-259 from Phase III drilling at West Joe (CNW Group/Power
Metals Corp.)
Figure 4 – Cross section map of PWM-24-252 from Phase III drilling at West Joe (CNW Group/Power
Metals Corp.)
Sampling and QAQC Procedures
Samples were taken across every pegmatite and
1.5m
into the barren host rock on either side of dykes.
Sample lengths were around 1-meter NQ (48 mm) core diameter, though individual sample length was
determined based on internal zoning of the dykes and the locations of their contacts.
The sampled core was cut in half with one half being sent for analysis and the other half remaining in the
box for reference. All core is stored at Power Metals' core storage facility in
Cochrane, Ontario
. Each
sample was put into its own plastic sample bag with a sample tag and closed with zip ties.
About 15% of the samples submitted to SGS Canada ("SGS") for analysis were QAQC samples that
were inserted into the sample stream and consist of a high and low-grade lithium, tantalum, and cesium
standards, blank material, and duplicates.
Samples were dropped at SGS Cochrane, in
Ontario
. Samples submitted to SGS were prepped,
crushed, and pulverized in
Sudbury
and were subsequently sent to SGS Burnaby and SGS Lakefield for
multi element analysis using sodium peroxide fusion ICP-AES/ICP-MS and borate fusion XRF. All
cesium results above 1% were analyzed using 4-Acid digest AAS at SGS Lakefield.
Table 1 – Summary of assay results in drillholes reported in this announcement (Hole ID in bold
text)
Hole ID
Easting
Northing
Elevation
Hole
Depth
(m)
Dip
Azimuth
NAD83
From
(m)
To
(m)
Significant Intersections
NAD83
NAD83
MASL
Interval
(m)
Cs
2
O
(%)
Ta
(ppm)
Li
2
O %
West Joe
PWM-24-236
576307
5431113
346
54
-51
170
12.22
21.26
9.04
6.49
531
1.68
including
4.65m @ 12.33% Cs
2
O, 825ppm Ta, & 1.47% Li
2
O
from 15.00m
including
1.00m @20.40% Cs2O, 121ppm Ta, & 0.88% Li
O
from 16.00m
PWM-24-237
576304
5431111
342
60
-45
165.2
11.15
18.80
7.65
1.56
278
1.10
including
3.00m @ 2.92% Cs
2
O, 400ppm Ta, & 0.66% Li
2
O
from 13.00m
PWM-24-238
576301
5431115
338
60
-50
168.1
10.00
18.06
8.06
2.34
440
1.38
including
3.00m @ 5.84 % Cs
2
O, 530ppm Ta, & 0.70% Li
2
O
from 12.00m
including
1.00m @ 13.70% Cs
O, 428ppm Ta, & 0.73% Li
O
from 12.00m
PWM-24-239
576301
5431113
345
60
-46.5
171.9
7.50
16.80
9.3
2.04
239
1.37
including
3.00m @ 5.80% Cs
2
O, 373ppm Ta, & 1.42% Li
2
O
from 9.00m
including
1.50m @ 9.59% Cs
O, 362ppm Ta, & 1.24% Li
O
from 10.50m
PWM-24-240
576300
5431118
345
60
-45.2
170
14.25
20.80
6.55
4.48
598
1.42
including
4.00m @ 7.27% Cs
2
O, 630ppm Ta, & 1.37% Li
2
O
from 16.00m
including
1.00m @ 12.50% Cs
O, 302ppm Ta, & 0.83% Li
O
from 17.00m
PWM-24-241
576309
5431110
346
60
-45
169
9.90
17.90
8.00
3.83
271
1.89
including
4.00m @ 7.38% Cs
2
O, 300ppm Ta, & 1.59% Li
2
O
from 13.00m
including
1.00m @ 16.00% Cs
O, 58ppm Ta, & 0.68% Li
O
from 13.00m
PWM-24-242
576309
5431110
346
60
-53
158.5
10.30
19.00
8.70
5.19
1438
2.19
including
4.70m @ 8.72% Cs
2
O, 2,435ppm Ta, & 2.50% Li
2
O
from 13.30m
including
1.00m @ 11.70% Cs
O, 208ppm Ta, & 1.85% Li
O
from 13.30m
PWM-24-243
576309
5431110
346
60
-62.5
151.5
11.75
20.80
9.05
2.74
525
2.41
including
3.75m @ 6.45% Cs
2
O, 672ppm Ta, & 2.65% Li
2
O
from 15.25m
including
1.25m @ 10.30% Cs
O, 806ppm Ta, & 2.30% Li
O
from 16.75m
PWM-24-244
576310
5431112
345
60
-47.5
184
10.9
19.05
8.15
4.48
348
1.52
including
4.00m @ 8.98% Cs
2
O, 345ppm Ta, & 1.70% Li
2
O
from 13.00m
including
1.00m @ 14.40% Cs
O, 323ppm Ta, & 1.43% Li
O
from 12.00m
PWM-24-
246*
576311
5431111
345
60
-55
195
11.25
21.20
9.95
3.78
334
1.12
including
5.55m @ 5.48% Cs
2
O, 413ppm Ta, & 1.62% Li
2
O
from 11.25m
including 0.75
m @ 22.70% Cs
2
O, 420ppm Ta, & 0.66% Li
2
O
from 15.05m
PWM-24-247
576312
5431111
346
60
-49
173
11.30
19.50
8.20
2.50
1377
2.61
including
4.10m @ 4.36 % Cs
2
O, 2,516 ppm Ta, & 2.93% Li
2
O
from 14.40m
including
0.60m @ 15.10% Cs
O, 1667ppm Ta, & 3.34% Li2O
from 14.40m
PWM-24-248
576312
5431110
346
60
-59
149
12.35
22.40
10.05
2.14
474
2.79
including
5.35m @ 3.60% Cs
2
O, 440ppm Ta, & 3.50% Li
2
O
from 14.85m
including
0.60m @ 17.30% Cs
2
O, 85ppm Ta, & 2.25% Li
2
O
from 18.60m
PWM-24-249
576295
5431108
346
57
-63
166
7.60
13.50
5.90
0.13
330
1.63
PWM-24-250
576291
5431106
346
54
-45
170
5.60
12.60
7.00
0.09
131
0.67
PWM-24-251
576312
5431122
344
72
-48
169
18.80
26.25
7.45
1.05
402
1.48
including
4.80m @ 1.57% Cs
2
O, 415ppm Ta, & 1.68% Li
2
O
from 19.80m
including
0.90m @ 6.84% Cs
2
O, 442ppm Ta, & 0.88% Li
2
O
from 23.70m
PWM-24-252
576312
5431122
344
72
-45
177
18.35
26.30
7.95
2.85
351
1.47
including
5.10m @ 3.96% Cs
2
O, 396ppm Ta, & 1.78% Li
2
O
from 20.20m
including
0.60m @ 13.50% Cs
O, 185ppm Ta, & 2.04% Li
O
from 20.20m
PWM-24-253
576312
5431122
344
72
-47
156
20.20
28.10
7.90
2.17
341
2.19
including
3.50m @ 4.72% Cs
2
O, 263ppm Ta, & 3.36% Li
2
O
from 23.10m
PWM-24-254
576300
5431137
344
72
-49
175
37.50
44.80
7.30
0.38
370
0.91
including
1.50m @ 1.61% Cs
2
O, 546ppm Ta, & 0.25% Li
2
O
from 40.50m
PWM-24-255
576300
5431137
344
72
-53
182.5
36.95
41.80
4.85
2.30
317
0.84
including
3.55m @ 3.13% Cs
2
O, 328ppm Ta, & 0.47% Li
2
O
from 36.95m
including
0.80m @ 10.40% Cs
2
O, 519ppm Ta, & 0.49 % Li
2
O
from 39.10m
PWM-24-256
576311
5431125
345
72
-51
170
20.75
26.2
5.45
1.37
266
0.92
including
2.40m @ 3.01% Cs
2
O, 398ppm Ta, & 0.83% Li
2
O
from 23.80m
including
1.20m @ 5.74% Cs
2
O, 384ppm Ta, & 1.62% Li
2
O
from 23.80m
PWM-24-257
576311
5431125
345
72
-47
152
23.75
30.65
6.90
0.80
514
0.96
including
3.05m @ 1.66% Cs
2
O, 532ppm Ta, & 1.38% Li
2
O
from 24.75m
PWM-24-258
576321
5431120
346
72
-52
167
20.3
27.80
7.50
0.91
266
1.48
including 2
.00m @ 2.88% Cs
2
O, 414ppm Ta, & 2.55% Li
2
O
from 20.3m
PWM-24-259
576321
5431120
345
74
-45
170
19.75
26.40
6.65
3.56
290
1.15
including
5.70m @ 4.14% Cs
2
O, 311ppm Ta, & 1.03% Li
2
O
from 20.70m
including
1.53m @ 7.56% Cs
2
O, 474ppm Ta, & 0.77% Li
2
O
from 22.07m
*PWM-24-245 was abandoned at 9 meters and re-collared with PWM-24-246
Case Lake Property
The Case Lake Property is located 80 km east of
Cochrane
, northeastern
Ontario
close to the
Ontario
-
Quebec
border. The Property consists of 585 cell claims in Steele, Case, Scapa, Pliny,
Abbotsford
and
Challies townships, Larder Lake Mining Division. The Property is 10km by 9.5km in size with 14 granitic
domes. The Case Lake pegmatite swarm consists of six spodumene dykes known as the North, Main,
South, East and Northeast dykes on the Henry Dome, and the West Joe dyke on a new dome,
collectively forming mineralization trend that extends for approximately 10km (Figure 5).
Power Metals have completed several exploration campaigns that have led to the discovery and
expansion of new and historic spodumene bearing LCT pegmatites at Case Lake. The Company has
drilled a total of 23,976 meters of core between 2017 and 2024 at the Property. The Case Lake
Property is owned 100% by Power Metals Corp. A National Instrument 43-101 Technical Report has
been prepared on Case Lake Property and filed on
July 18, 2017
(Figure 5).
Pelletier Property
The Pelletier Property is located 50km south of
Hearst
, northeastern
Ontario
close to a network of
forestry roads. The Property consists of 337 mineral claims that account for a total of 7000 hectares in
Franz, Roche, Scholfield, and Talbot townships in the Porcupine mining division. The Pelletier Project is
characterized by LCT prospective S-type pegmatitic granites intruding into metasedimentary and
amphibolite of the Quetico at or near Archean terrane boundary between the Quetico and
Wawa
sub-
provinces (Figure 5).
Decelles Property
The Decelles Property contains 669 claims, covering 38,404 hectares of LCT prospective ground near
the mining centres of Val-dÓr and
Rouyn-Noranda
, approximately 600km from
Montreal
. Power Metals
acquired the Decelles and Mazerac properties from Winsome Resources in 2023 in a deal that allowed
Winsome to increase its stake to 19.59% (Refer to press release announced on
August 24, 2023
), the
transaction remains subject to TSXV approval. The geology of Decelles property is part of the Archean
Pontiac sub-province where S-type LCT prospective, pegmatite bearing, granitic Decelles Batholith
intrudes into metasedimentary units of the Pontiac Group. Spodumene and Beryl bearing pegmatites
have been reported historically within the
Pontiac
sub-province in association with S-type garnet-
muscovite granite. The Decelles property is adjacent to Vision Lithium's Cadillac property where
discovery of high-grade lithium pegmatites was reported in 2022 (Figure 5).
Mazerac Property
The Mazerac Property is located approximately 30 km east of Power Metals' Decelles property near
well-established mining camps in the Abitibi region of
Canada
and is accessible by network of mining-
grade forestry roads. The Mazerac property contains 259 claims that cover 14,700 hectares of LCT
prospective ground near the mining centre of Val-dÓr and
Rouyn-Noranda
. The regional geology of
Mazerac is similar to Decelles where S-type LCT prospective, pegmatite bearing, granites of Decelles
Batholith intrude into metasedimentary units of the Pontiac Group. Spodumene and Beryl bearing
pegmatites have been reported historically within the
Pontiac
sub-province in association with S-type
garnet-muscovite granite (Figure 5).
Figure 5 – Power Metals Corp Project locations map in Ontario and Quebec Canada (CNW
Group/Power Metals Corp.)
Pollucite and Cesium
Pollucite is a rare mineral that hosts high grade cesium and is associated with highly fractionated, rare
element pegmatites. The main source of cesium known globally is pollucite (Cs,Na)
(Al
Si
O
)•2H
O, (
https://www.gov.mb.ca/iem/geo/industrial/pollucite.html
). Currently the Tanco mine in
Manitoba,
Canada
is the only operating cesium deposit and holds over 60% of the known reserves globally.
Scientific and Technical Disclosure
The scientific and technical disclosure included in this news release has been reviewed and approved by
Amanuel Bein
, P.Geo., Vice President of Exploration for Power Metals, a Qualified Person under
National Instrument 43-101 Standards of Disclosure of Mineral Projects.
About Power Metals Corp (TSX-V: PWM)
Power Metals Corp (TSX-V: PWM) is a Canadian exploration company focused on developing high-
quality critical mineral projects. Its flagship Case Lake Property in
Ontario
– 100 per cent owned by
Power Metals - is a high-grade cesium, lithium and tantalum asset, poised to become one of only four
cesium mines globally. Beyond Case Lake, the Company's portfolio includes the Pelletier Property in
Ontario
and the Decelles and Mazerac Properties near
Val-D'Or
, Québec. Together, these assets cover
1,265 claims spanning more than 600km² of lithium-cesium-tantalum (LCT) prospective ground. As
global demand for critical minerals continues to grow global, and particularly in
North America
, Power
Metals is strategically advancing its projects to support the continent's growing supply needs. Learn
more at
www.powermetalscorp.com
.
-ON BEHALF OF THE BOARD-
Johnathan More
, Chairman & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the
content of this news release.
No securities regulatory authority has either approved or disapproved of the contents of this news
release. The securities being offered have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and
may not be offered or sold in
the United States
, or to, or for the account or benefit of, a "U.S. person"
(as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom.
This press release is for information purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information based on current expectations, including the
use of funds raised under the Offering. These statements should not be read as guarantees of future
performance or results. Such statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements to be materially different from
those implied by such statements. Although such statements are based on management's reasonable
assumptions, Power Metals assumes no responsibility to update or revise forward-looking information
to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very nature they involve
inherent risks and uncertainties. These statements speak only as of the date of this press release.
Actual results could differ materially from those currently anticipated due to several factors and risks
including various risk factors discussed in the Company's disclosure documents which can be found
under the Company's profile on
www.sedar.com
.
This press release contains "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the
contents of this press release.
SOURCE
Power Metals Corp.
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For further information:
Power Metals Corp, Johnathan More, 515-401-7479,
CO: Power Metals Corp.
CNW 07:30e 14-FEB-25